China’s socio-economic development miracle over the past 70 years has helped the country to become one of the major global economies and political powerhouses, an Ethiopian scholar said on Sunday.

Claiming China’s economic showcase over the past decades as a miracle, Costantinos BT Costantinos, who served as an economic adviser to the African Union and the UN Economic Commission for Africa, told Xinhua on Sunday that China has been “rapidly globalizing, fine-tuning to emerging technological prowess, building dazzling infrastructure and capitalizing heavily on human development.”

Business24

Costantinos, also a professor of public policy at the Addis Ababa University in Ethiopia, further stressed that China has been working together with Africa mainly through the Forum on China-Africa Cooperation (FOCAC) as well as various other joint initiatives.

China and African countries are, within the framework of the FOCAC, vigorously advancing economic and trade cooperation, and actively exploring a common path that reflects both China’s and Africa’s realities, the scholar said.

“Through the common efforts of China and Africa, bilateral economic and trade cooperation now enjoys a consolidated foundation and improved mechanisms, with new common interests and growth points in cooperation constantly emerging,” he added.

Costantinos said that China’s policymakers are already focused on how to change the country’s growth strategy to respond to the new challenges that will come.

Describing the current international situation as experiencing “profound and intricate changes,” Costantinos also stressed that “newly emerging and developing economies have become the major force pushing forward the world’s economic development.”

Noting that “skeptics are wary of China’s interest in Africa,” the expert also emphasized African leaders’ comments in refuting negative claims in China-Africa overall ties.

“As President Cyril Ramaphosa stated — In the values that it promotes, in the manner that it operates, and in the impact that it has on African countries, FOCAC refutes the view that a new colonialism is taking hold in Africa, as our detractors would have us believe,” said Costantinos. Enditem

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